KUBS Graduate School team awarded the Excellence Award on Financial Services Commission ‘D-Test Bed’

Korea University Business School (Dean=Sang Yong Kim) stated that Team ‘KUBS_FinBA’ (Academic advisor = Baeho Kim) finally won the ‘Excellence Award (Fintech Center Chairman Award)’ on ‘D-Test Bed’ hosted by Financial Services Commission. 

‘D-Test Bed’ is a test environment providing business that allows startups, and pre-entrepreneurs to prove business value and the realistic possibility of innovative Fintech ideas based on financial data.

Korea University Team ‘KUBS_FinBA’ including △Kiwoong Byun (KUBS Monetary and Financial Ph.D. candidate) △Jiyoung Park (KUBS MSBA 2^nd Class Graduate) △Jusung Hong (KUBS MSBA 2^nd Class Graduate) went through tests on the theme of ‘Developing Credit Evaluation Model using Insurance Information and Cost Benefit Analysis of Financial Accommodation Policy’. Through this test, the team analyzed from a statistical and economic perspective that insurance information can be useful when developing an alternative credit evaluation model based on machine learning using financial/non-financial combined information, and credit/insurance information provided by D-Test Bed. Also, the team provided a useful methodology to related policymakers, after going through quantitative proof on cost-effectiveness essential for accommodation policy targeted at financially excluded groups.

The Financial Services Commission selected a total of 31 participating teams after recruitment and evaluation last August. Based on the result reports and presentations submitted by each team, the final 6 teams have been awarded after evaluation from internal/external judges. The Grand Prize was awarded to ‘AnTok’ which proposed a detailed assessment model for small or medium-sized businesses’ credit risks. ‘WinkStonePartners’ which proposed an alternative credit assessment model applicable to Indonesia awarded the Excellence Award along with ‘KUBS_FinBA’. The Participation Award was awarded to Overtake Corp. Finnebo Corp. SmallTicket. 

Prof. Kim who advised the team said “It was a meaningful time to apply various data, which is accessible through D-Test Bed participation, into academic research methodology and lead to policy implications. He also said, “I will keep participating in various projects to prove innovative ideas with passionate students.” 

To meet the needs of the new times of digital transformation, KUBS introduced ‘MS in Business Analytics(MSBA)’ for the first time in Korea in 2020 to educate integrated business talent with knowledge of Business Analytics, data design, utilization, and information ethics.